Ord79 1809 - Laserfiche WebLink

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.:I - .~ ......-....... .,.,_.--..._~--~ ,.""" ~_.-......_"..-.-.._,_.". '-..--."- ; . a . Hi th r~spc ct to r!iscellaneoüs r~,emb~rs, the agency shall con- tr ibute the follc~ing percentages of monthly salaries earned as miscell?ne~)us :1clb-'rs of said P~tirp~ent System: (1) 13.91·S percent en account of the liability for current service bcrc:i~s. (2 ) 0.230 percent on account of the liability for the 1959 ~urvivGr Progr2r.1. b. With respect to local 5é1fety ¡nembers, the agency shall contribute the follawin~ percentages of monthly s3laries earned a5 local safety ~embers of said Retirement System: (1) 0.056 percent LOntil June 3°, 2000 on account of the liability for prior s2rvice benefits. (2 ) 31.172 percent on account of the liability for current service benefits. (3) 0.030 percent on account of the liability for the 1959 Survivor Program. c. A reasonable amount per annum, as fixed by the Board to cover the costs of a~inistering said System as it affects the employees of Public JI.gency, not including the costs of special valuations or of the period ic investigation and valuations required by law. d. A reasonable amount as fixed by the Bo ard , payable in one install- ment as the occasions arise, to cover the costs of special valua- tions on account of employees of Public Agency, and costs of the periodic investigation'and valuations required by law. 9. Contributions required of Public Agency and its employees shall be subject to adjustment by Board on account of amendments to the Public Employees' Retirement Law, and on account of the experience under the Retirement System as determined by the periodic investigation and v a1 uation required by said Retirement Law. 10. Contributions required of Public Agency and its employees shall be paid by Public Agency to the Retirement System within thirty days after the end of the period to which said contributions refer or as may be prescribed by Board regulation. If more or less than the correct amount of contributions is paid for any period, pro per adjustment shall be maqe in connection with subsequent remittances, or adjustments on account of errors in contributions required of any employee may be made by direct cash payments between the employee and the Board. Payments by Public Agency to Board may be made in the form of warrants, bank checks, bank drafts, certified checks, money orders or cash. Exh. A Page 3 of 4 \ , -,"' -